Week 6 part 2 summary sheet questions

What are internal factors in a business context?

• Factors that happen outside a business and are beyond their control

• Factors that happen inside a business and have an effect

• Positive impacts on a business due to global events

• Negative impacts on a business due to changes in technology

Which of the following is an example of an external factor that can impact businesses?

• Corporate culture

• Staffing decisions

• The global price of oil changing

• Location of the business

What is a consequence of increased consumer awareness?

• Businesses have reduced expectations from consumers

• Consumers are less informed about their rights

• Many businesses have become more consumer-focused

• There is a decrease in the number of online businesses

What has contributed to the growth in online businesses?

• Decreased numbers of women at work

• More full-time workers

• Changing demand patterns

• Decrease in urbanisation

How has urbanisation affected businesses?

• It has decreased the number of potential customers

• It has created additional markets to which goods and services can be supplied

• It has led to a reduction in part-time workers

• It has made businesses less flexible

What is one of the most revolutionary external factors to affect business in recent years according to the text?

• Increased number of women at work

• Urbanisation

• Social media

• More part-time workers

What does "capital-intensive" mean in the context of production?

• The use of relatively more labour than machinery in production

• The use of relatively more machinery than labour in production

• The use of equal amounts of machinery and labour in production

• The use of no machinery in production

In which sector has technology helped to lower costs by allowing robots on production lines to work 24/7?

• Primary sector

• Secondary sector

• Service/tertiary sector

• Quaternary sector

What are businesses usually blamed for as economies grow and environmental damage increases?

• Innovation and development

• Pollution and congestion

• Employment and urbanization

• Education and healthcare

Which of the following is NOT a reason why businesses might take a more sustainable approach?

• To find it easier to comply with regulations

• To reduce costs

• To decrease profits

• To improve their image